Sparta unlocks platform for distillate traders

8 December 2022 Time to read:  minutes

As the first wave of EU sanctions on Russian oil imports come into force, we are delighted to announce the launch of our first new vertical – Sparta for Distillate – giving distillate traders access to real-time trading data for the global market.

With the first phase of the EU’s ban on Russian oil imports coming into force on the 5th of December, many oil traders will be more reliant than ever on a wider spectrum of global suppliers, meaning many distillate traders will need a clearer understanding of the economics of trading with regions that they may be less familiar with.

Our live pre-trade analytics platform is designed to make this process easier, providing traders with access to global trading insights, such as live global arbitrage opportunities and live price discovery.  

Founded in 2020, we made waves in the commodity analytics space in March 2022 when we secured a $6m Series A investment from European venture firm, Singular, and we count Equinor, Philips 66, Chevron and BB Energy among our clients.

Created by former traders Miles Moseley and Felipe Elink Schuurman, our platform addresses a common problem shared by most traders: 90% of pricing data required to make trading decisions is kept in silos and shared manually by voice, email, or chat.

This information is then manually processed into trading insights through Excel spreadsheets, and the industry lacks centralised databases to be able to analyse historical price movements and trends. Consequently, traders do not have all the information they need, when they need it, to make fully informed decisions in a fast-moving market.

The Sparta platform breaks these existing data silos and combines the physical and paper markets to provide traders with live access to global raw prices, from futures and swaps to forward freight and physical premiums.

The platform streamlines and automates traders’ day-to-day tasks, leveraging on its proprietary historical dataset to help traders get the right timing in the market, allowing them to spot market opportunities before others.

To this point, Sparta has been available to gasoline traders only, but with demand for the platform rising, and the company growing rapidly post-raise, we are now ready to begin the next phase in our growth.

The launch of the distillate vertical marks the first stage of our major expansion plans, with the platform due to be available for Jet, Naphtha, Crude, Fuel Oil, and LPG by the close of 2023. 

“This is a major step forward for Sparta in our journey to become an indispensable resource for all commodity traders. We have worked with a number of world’s brightest gasoline traders to refine the platform’s usability over the last 12 months, and we look forward to welcoming their distillate colleagues to the platform.

While many traders have moved away from Russian imports since March, we still expect to see a period of adjustment post-sanctions, and Sparta can be of huge benefit for traders during this time.”

Felipe Elink Shuurman, CEO, Sparta

For more information, or to request a live trial of the Sparta for Distilate platform, please complete the form below, or contact us at

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Founded in 2020, Sparta is a pricing and information platform that enables oil traders, refiners, banks, hedge funds and wholesalers to have access to real-time and global actionable insights to capture market opportunities before others.

To find out how Sparta can allow you to make smarter trading decisions, faster, contact us for a demonstration at

Book a demo to see how Sparta enables you to trade with conviction